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Ecopetrol exceeds 2025 production target and expands drilling with private partnerships.
Colombia's state oil company Ecopetrol is on track to exceed its 2025 production and drilling goals, having already surpassed its target of 750,000 barrels per day by producing 751,000 bpd.
The company plans to drill 20% to 40% more wells than the original 10, and is seeking private partners for five oil fields through production-sharing agreements, which allow investment without upfront costs.
These efforts aim to replace 100% of extracted reserves, ensuring sustainable growth.
Despite Colombia's broader push to transition to lower-carbon energy, Ecopetrol's progress continues under the current administration.
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Ecopetrol supera el objetivo de producción de 2025 y expande la perforación con asociaciones privadas.